Volta Finance (XAMS:VTA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Volta Finance Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Volta Finance's cash to debt ratio for the quarter that ended in Jan. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Volta Finance could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Volta Finance's Cash-to-Debt or its related term are showing as below:

XAMS:VTA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Volta Finance's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was No Debt.

XAMS:VTA's Cash-to-Debt is ranked better than
99.93% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs XAMS:VTA: No Debt

Volta Finance Cash-to-Debt Historical Data

The historical data trend for Volta Finance's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Volta Finance Cash-to-Debt Chart

Volta Finance Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.40

No Debt

Volta Finance Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Volta Finance's Cash-to-Debt

For the Asset Management subindustry, Volta Finance's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Volta Finance's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Volta Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Volta Finance's Cash-to-Debt falls into.

Volta Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Volta Finance's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Volta Finance had no debt ⁽¹⁾.

Volta Finance's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Volta Finance had no debt ⁽¹⁾.

Volta Finance (XAMS:VTA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Volta Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Volta Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Volta Finance (XAMS:VTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Volta Finance Ltd (XAMS:VTA) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

VTAS:UK

Address

BNP Paribas House, St Julian’s Avenue, St Peter Port, GGY, GY1 1WA

Website

https://www.voltafinance.com

Volta Finance Ltd is a closed-ended investment company. It invests in collateralized loan application, synthetic corporate credit, cash corporate credit and asset based security classes. The company's objectives are to preserve capital across the credit cycle and provide returns to shareholders through quarterly dividends from investments in the diversified portfolio of structured finance assets.